The wages payable account showed an opening balance of $40,000 and a closing balance of $55,000. Wages expense was $603,000. What was the cash payment for wages? a. $603,000 b. $588,000 c. $645,000 d. $618,000

In a cash book, the opening balance was Ghc 70,600, closing balance was Ghc 86,600 and the total cash received during the period was Ghc 180,000. What was the amount of cash paid out during the period? A. Ghc 186,000 B. Ghc 164,000 C. Ghc 98,000 D. Ghc 146,000 E. Ghc 89,000

If the opening balance of borrowings was $330,000, the closing balance was $550,000 and  a total of $240,000 was paid off the entity’s borrowings during the period, how much additional cash did the entity borrow during the period?$120,000$460,000$90,000$3,100,000

From the following information calculate the cash received from customers.Accounts receivable opening balance                      $20,000Credit Sales                                                                  $840,000Accounts receivable closing balance                         $40,000

If the opening balance of dividends payable is $120,000 and the closing balance is $90,000, and dividends declared at the end of the period are $50,000, how much cash was paid for dividends in that period?$20,000$40,000$0$80,000

During the year, ABC Ltd received $50,000 from its customers, $5,000 for the sale of a motor vehicle and $20,000 for the issue of shares. It paid $27,000 to suppliers and employees, $3,000 for income tax and $50,000 for new machinery. Its cash balance at the beginning of the year was $30,000. What were the net cash flows from operating activities? a. $20,000 b. $25,000 c. $50,000 d. $23,000